Caterpillar Inc. had a fantastic year and exceeded many expectations financially. Their stock went up 26% in the fourth quarter of 2017. When it comes to US manufacturing news, this is actually a sign that manufacturing in the U.S. will do well in 2018.
An analyst said, "“Caterpillar’s results showed strength across the board in nearly every industry for the first time, which indicated coordinated and synchronized macroeconomic growth."
Multiple analysts think that the same things boosting Caterpillar Inc.'s success will boost the entire industry such as stronger domestic demand. “It’s a good harbinger for overall economic activity.”
Caterpillar Inc. easily surpassed Wall Street expectations for fourth quarter earnings, the latest sign that rising domestic demand and global economic growth augur good things for U.S. manufacturing in the coming year. The Deerfield, Ill.-based maker of heavy equipment — the world’s largest — rode a 35 percent surge in sales to adjusted fourth quarter profits of $2.16 per share, compared to expected earnings of $1.79 per share, according to Reuters. Its top-line sales were $12.9 billion, nearly $1 billion higher than Wall Street expectations. Read More